Even in the face of Monday’s snow day, regulators found time to publish more than $4.5 billion in total costs and nearly 3 million paperwork burden hours. Total published rulemaking costs in 2014 are now well past $10 billion.
Today, President Obama released his budget proposal for Fiscal Year 2015. As with any administration’s budget, certain fiscal measures foreshadow regulatory priorities. This year’s budgetary roadmap is far more mundane than notable.
The Food and Drug Administration (FDA) has released a pair of proposed rules that would update the form and content of nutritional fact labels. The new guidelines purport to give consumers a more complete picture of food products.
The Environmental Protection Agency (EPA) has released the final version of its Tier 3 emissions and fuel standards. The rule would require further emission control measures in vehicles and reductions in the level of sulfur in gasoline.
On net, regulators actually reduced costs by approximately $25 million this week. Annualized costs were reduced by $79 million, paperwork hours declined by 1.9 million hours, and there were no listed benefits.
AAF’s Dan Goldbeck breaks down the Environmental Protection Agency’s recently released proposed rule that would update safety requirements for workers handling pesticides. The rule’s 345 pages would impose 6.54 million hours of paperwork on over 300,000 small businesses making it the most time-consuming non-tax rule of 2014 to date. To comply with this rule, it would take 3,250 full time employees working for an entire year just to fill out the paperwork.
The Environmental Protection Agency (EPA) recently released a proposed rule that would update safety requirements for workers handling pesticides.
This week, House Republicans will push a package of measures to reform the administrative state. They are deeming it: “Stop Government Abuse Week.”
This week regulators published $2.3 billion in regulatory costs, including more than two million paperwork burden hours; annualized costs were $279 million and annual benefits were $269 million.
Regulators published $4 billion in regulatory costs this week, with 33,500 paperwork burden hours; annualized costs were $194 million, compared to $579 million in annualized benefits. Two final energy efficiency standards, for external power supplies and lamp fixtures, added more than $4 billion in long-term burdens.